You're an economist? The economy and the country is a bit of a joke, but the export companies are very solid. And somebody with big funds has had enough of them.

Carpe diem: Intraday tactics for Dax and Dow

Fading the Xetra close is often a profitable game.

Carpe diem: Intraday tactics for Dax and Dow

Thanks, exactly my point. And in this context Sweden is an export driven economy, as the companies making up the index are almost all exporters. The variations of trade surplus has got nothing to do with this. Starting with the sell-off 23 October, ...

Carpe diem: Intraday tactics for Dax and Dow

Currently in my mind. Historically, this is well-known practice for those who follow smaller non-US markets.

Carpe diem: Intraday tactics for Dax and Dow

And consequently a good indicator for when global fund managers reduce risk. They start in places like that, which was the point of the example.

Carpe diem: Intraday tactics for Dax and Dow

You pick your numbers to suit your view. One could also slant it in the other direction. W r t CB independence, that is on paper, yes, but, specifically, Sweden has not benefitted from the recent ECB stimulus - which was the point I was making in ...

Carpe diem: Intraday tactics for Dax and Dow

Correct.

Carpe diem: Intraday tactics for Dax and Dow

Oh, I trade both directions, depending on which way the wind blows. Now it's northerly. Also, in recent weeks I've completely revamped my system to make sure I'm always on the right side intraday. System said "go long!" at 10.05 your time. This one ...

Carpe diem: Intraday tactics for Dax and Dow

Long from 13385.

Carpe diem: Intraday tactics for Dax and Dow

Longs after touch of 13365 or a longer consolidation - not before.

Carpe diem: Intraday tactics for Dax and Dow

On a different note, I would say that Europe doesn't have it's own monetary policy either. QE was invented on Wall Street, and when Jean- Claude Trichet and Mervyn King didn't want to play ball, they were simply replaced. To be on the safe side, BoE ...

Carpe diem: Intraday tactics for Dax and Dow

I do Simply not true. In particular in relation to recent ECB announcements. Still very much export driven, but with decline in trade surplus over the past couple of years. Which was my point - an export driven European growth economy saw its ...

Carpe diem: Intraday tactics for Dax and Dow

Cheers The really nice thing is that volatility is back.

Carpe diem: Intraday tactics for Dax and Dow

Russell 2000 has retraced all of October. Sweden and Switzerland - the most solid economies in Europe together with Germany, but not in the Euro and not affected by recent ECB announcements - have retraced the last two weeks. Is that profit taking, ...

Carpe diem: Intraday tactics for Dax and Dow

Yes, and agree on all points. As to stock valuation, yes, zero interest rates justify higher valuations, but how high? Even with zero interest, if you do your discounted cash flows, your investment has to make sense. For large parts of the market, ...

Post your Best Long-Term Stock Chart

image image image

Post your Best Long-Term Stock Chart

Direction is up, but it may just not go that much further for a while. Let's wait till December FOMC and see.

Post your Best Long-Term Stock Chart

On the weekly, it does look like a downtrend.

Cable Update (GBPUSD)